Daily Market Insight - 18th June 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24085 ) Nifty immediate support is at 23950 then 23850 zone while resistance at 24250 then 24400 zones. Now it has to hold above 24000 zones for an up move towards 24250 then 24400 zones while support can be seen at 23950 then 23850 zones.
Sensex Technical Outlook
Sensex (CMP : 77155) Sensex support is at 76700 then 76500 zones while resistance at 77700 then 78000 zones. Now it has to hold above 77000 zones for an up move towards 77700 then 78000 zones while supports are shifting higher to 76700 and then 76500 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57585) Bank Nifty support is at 57250 then 57000 zones while resistance at 58000 then 58500 zones. Now it has to hold above 57500 zones for an up move towards 58000 then 58500 levels while supports have shifted higher to 57250 then 57000 zones.
Midcap100 Index Technical Outlook
• Index is sustaining above 20 DEMA.
Smallcap250 Index Technical Outlook
• Index has given a falling trendline Breakout.
Nifty India Defence
Technical Stocks On Radar
SBIN
(CMP: 1026, Mcap Rs 9,47,336 Cr.)
• Stock is on the verge of falling trendline breakout.
• Stock is sustaining above 20 DEMA.
• RSI has given positive crossover.
• Immediate support at 1000.
BEL
(CMP: 420, Mcap Rs 3,07,052 Cr.)
• Stock has bounced from support levels.
• Sustaining above 20 DEMA.
• RSI has given positive crossover.
• Immediate support at 400
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